At the Chicago Mercantile Exchange, live and feeder cattle were lower, watching the development of direct business.  August live cattle closed $1.32 lower at $134.92 and October live cattle closed $1.22 lower at $141.07.  August feeder cattle closed $2.15 lower at $173.15 and September feeder cattle closed $1.97 lower at $175.30. 

It was a fairly active day for direct cash cattle business. Live deals in the South were at $138, about $2 below last week’s weighted averages. 

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